Bankruptcy for Madoff?

A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing him into bankruptcy.

In a ruling in federal court, U.S. District Judge Louis Stanton lifted a temporary order barring involuntary bankruptcy for Madoff while the government continues its pursuit of his gains.

Victims of the fraud would benefit from a bankruptcy court's "orderly and equitable administration of his individual estate," the judge wrote.

Madoff, 70, pleaded guilty last month to federal charges that he cheated investors of billions of dollars over several decades. He is jailed, awaiting a June sentencing for charges that carry a sentence of up to 150 years in prison.